Economy and Finance Minister Carlos Oliva has affirmed Peru's 2018 economic growth, driven by
private investment, lays the foundations for expansion in the following years.
Peru's GDP grew from
2.5% in 2017 to
4% in 2018, while Latin America's rose 1.1%, thus showing reasonably good performance, given national and international circumstances.
Laying foundations
Likewise, the new administration injected some confidence into the market, thus activating major
private investment projects, at a rate of one per month.
"These are very important achievements that lay the foundations and draw the line of what should be done in the following years," he told Andina news agency.
"Terms of trade were not favorable last year. All efforts to improve the Peruvian economy were underpinned by domestic demand, which implies consumption and
private investment, in particular, as well as
public investment," he stated.
After four years of public investment contraction, the situation was reversed in 2018, thus posting a growth of 8.5% in real terms. Furthermore,
private investment increased by more than 4% after years of decline.
(END) MDV/JJN/RMB/MVB
Published: 3/29/2019